Archive for July, 2011

I am a BIG Blackberry user and I have reluctantly avoided the move to Android as of late. I loved Blackberry for the email. I’m not much of a game player. My online presence is very Google-centric. My stock in RIM has plummeted. My children love playing with the iPad (no I don’t own one). If you switched to an Android smart phone from Blackberry, why did you make the change? If Blackberry makes significant changes to its operating system, would you change back to Blackberry?

The company that makes Blackberry phones has announced it is cutting 10% of its workforce as it loses market share to iPhones and Android devices.

Research In Motion Ltd (RIM) plans to lay off 2,000 employees as part of cost cutting measures. The company will notify affected employees this week.

Although BlackBerrys have dominated the corporate smartphone market, their popularity with consumers has been short-lived and RIM’s market share has dropped. US consumers have moved on to phones with big touchscreens like Apple iPhone and models that run Google Inc.’s Android operating system. Last week, Apple revealed it had sold a record 20.3 million iPhones from April to June. RIM sold 13.2 million Blackberrys in the March to May period.

Its recently-launched PlayBook has also failed to be the success the firm had hoped and phone companies have shown little interest in promoting it.

RIM’s US shares fell 4.4%, to US$26.67 after the job cuts were announced on Monday.

RIM also said it was naming two executives to take on different parts of the chief operating officer role (COO) after Don Morrison announced his retirement following more than a decade with the company. Thorsten Heins has been named chief operating officer for product and sales while Jim Rowan will become COO of operations.

Article from Skynews.com http://bit.ly/o4uKSl )

Talk to you soon. Leona Greenlow-Turner


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Construction crews were scheduled to close all westbound lanes of state Highway 4 in Pittsburg and Antioch on Monday night, according to Caltrans. The closure was scheduled as part of Caltrans and the Contra Costa Transportation Authority’s project to widen Highway 4 through the area. 
Westbound lanes of the highway were planned to be closed from 10 p.m. Monday to 3:30 a.m. Tuesday.

Drivers will be detoured off the highway at the Somersville Road/Auto Center Drive exit in Antioch, where they will be directed to take a left onto Somersville Road. Somersville Road becomes Auto Center Drive. Drivers will then take a left onto 10th Street, a left onto Loveridge Road, a right onto California Avenue and a left back onto westbound Highway 4 in Pittsburg.

Drivers should expect delays and are urged to drive carefully, Caltrans officials said a similar closure conducted Wednesday went smoothly and didn’t cause any major problems, said Jake Jones, an assistant public information officer for the project.
(Article from KTVU http://bit.ly/qEagxG)
Talk to you soon. Leona Greenlow-Turner.

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Bank of America has been engaged in a pilot of the principal reduction program since February, and is now moving into full participation to provide assistance to more qualified homeowners facing hardship. Bank of America is one of the largest servicers of single-family mortgages in California.

I heard of a few clients that were offered a principle reduction with Bank of America.

Fannie Mae and Freddie Mac loans WILL NOT  be included in the program.

BofA will also participate in two other programs using Hardest Hit Fund (HHF) money. They include a mortgage assistance program for the unemployed, which provides up to $3,000 per month in aid, and another initiative to give up to $15,000 to help delinquent homeowners pay off past-due balances on first liens.

Here is the entire article: http://bit.ly/pJkeFC

Talk to you soon. Leona Greenlow-Turner.

Jr. Lien Holders: http://bit.ly/mPc8Qn

Short Sale Incentives: http://bit.ly/ocjl4v

Loan Modification Quick Start: http://bit.ly/o9c39E


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With the significant increase of foreclosures, many are losing their homes. Where will these families and individuals live? Will they move back home, to another state, or Southern California? The stigma of foreclosure has lost its sting. Many landlords are open to renting to families that have had a trying situation with the real estate market. There is hope for homeowners. It is a very competitive rental market even with the higher rents.

City Average Rent Year-to-year growth
Palo Alto $2,450 13.5%
Cupertino $2,168 14%
San Mateo $1,964 14.5%
Santa Clara $1,903 15%
Redwood City $1,892 8.2%
Mountain View $1,812 13.2%
Sunnyvale $1,731 17.6%
San Jose $1,642 10.1%
Fremont $1,495 11.6%

*For apartment complexes with 50+ units
Source: RealFacts

CBS Article: http://cbsloc.al/mAHRX6

San Jose Mercury: http://bit.ly/oyJZtD

Data Analysis of Rental Markets: http://realfacts.com/

Rentometer: http://www.rentometer.com/ (Analyze if your rent is too high)

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 This is a quick list of where to find rentals in the Bay Area.

• sfbay.craigslist.org › housing (I have found this the best resource)






• Community Billboards

• Word of Mouth

• Driving neighborhoods

• Social Networks

Please provide any feedback on what you found useful.

Talk to you soon. Leona Greenlow-Turner

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California Senate Bill 458 was signed into law on July 15 and is effective IMMEDIATELY for all short sale transactions the close after July 15, 2011. The law provides that junior lien holders no longer have any deficiency rights against the borrower after a short sale.

This law is being hailed as a major victory for borrowers because it removes the potential for deficiency liability after the short sale is completed and thus brings more certainty to the short sale process for borrowers. Additionally, it is hoped that by removing this negotiating impediment, that the short sale process will be quicker and smoother.

What is very important to note is that this law affects all pending but not yet closed short sales.

What do you think will be the position of the junior lien holder? If I was the bank and I cannot pursue my deficiency judgment and my just block the entire short sale.

Read full article http://bit.ly/rnCb53

Read the Senate Bill here: http://bit.ly/q6wAXX


Check out my previous short sales articles:

Bay Area Real Estate Today: More Short Sale Incentives for Homeowners http://bit.ly/ocjl4v

Bay Area Real Estate Today: Avoiding Foreclosure for California Homeowners http://bit.ly/og7ITa

Bay Area Real Estate Today: Fannie Revamps Rules on Delinquent Loans http://bit.ly/mUiInm

Talk to you soon. Leona Greenlow-Turner



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This month marks a momentous change at a local Keller Williams Realty office. The Castro Valley office is now closed and the majority of agents have moved to the Keller Williams Realty Danville office.

The Danville office is comprised of more than 200 agents. I made the change to Keller Williams Realty, Danville. My new address is:

760 Camino Ramon, Suite 200, Danville, CA 94526

Keller Williams Realty is the second largest real estate company in North America with over 90,000 Realtors serving customers from all over Canada and the United States.  It is a company who lives by value statements that they refer to as the WI4C2TS;

  • Win – Win – Or no deal
  • Integrity – Always do the right thing
  • Customers – Always come first
  • Commitment – In all things
  • Communication – Seek first to understand
  • Creativity – Ideas before results
  • Teamwork – Together everyone achieves more
  • Trust – Begins with honesty
  • Success – Results through people

Check out this press release about Keller Williams Realty http://www.kw.com/kw/pressrelease.html

Talk to you soon. Leona Greenlow-Turner

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